ABOUT TWO weeks ago, Germany's finance minister described U.S. economic policy as "clueless." We don't want to sound childish, but after yet another bailout for an insolvent European country - about $137 billion for Ireland - we are inclined to ask: If the United States is clueless, what does that make Germany? The de facto leader of the crisis-ridden, 16-nation eurozone, Berlin has not performed its role brilliantly over the past year.
Thomas Kleine-Brockhoff: America's argument about the Chinese currency manipulation may be valid but it is also a distraction. It is America's own lack of competitiveness that is hurting the US more than anything. America will be able to revive the credibility of its global economic leadership only when it stops blaming its democratic peers and instead starts doing its homework.
uh, sorry about this adding:
"Please use the link to reference this article. Do not copy & paste articles which is a breach of FT.com's Ts&Cs (www.ft.com/servicestools/help/terms) and is copyright infringement. Send a link for free or email firstname.lastname@example.org to purchase rights. http://www.ft.com/cms/s/0/2becafc4-b398-11df-81aa-00144feabdc0.html#ixzz16DDr4V00"
it's independant from my will
America is lecturing you? Actually, people with more to gain from German government action in the rest of the Eurozone are the ones lecturing.
Seriously.... Where were people using personal terms as though nations had two arms, two legs, and a penchance to snore? Nations aren't human. The question is if we're going to use adolescent teminology, [url=http://observinghermann.wordpress.com/2010/11/23/whos-clueless-now/]who's clueless now[/url]?
Just like the bufoon in Deutschland who thought conflating one quarter of GDP data for the year was news (not quite realizing that those quarterly figures are already anualized), you have to seek information and common sense from your readers.
Preciently already said: [i]"and Germany's exportations surplus is fluctuant, based on world demands and wealthiness"[/i]
...which is the only reason German "pundits" were lecturing anyone 3 months ago - they had a good run selling German stuff because as exporters, their prospects for economic growth depend entirely of Forex rates. It's also in a decaying orbit that has resorted to selling fewer final goods, and more machinery with which asians undercut the saleswothiness of Germany's and Europe's goods.
It's exceedingly worse that being "addicted to oil" or whatever pin they're sticking in their voodoo dolls this week, when you can't even influence the value of your currency too. So seriously... who's been hit with [i]the clueless stick[/i] lately?
Besides, that "brilliant role" they play is limited in scope. Germans have no leverage nor are they asked to smoothen the tides of the global economy. Their portfolio is, even now as we can see, Germany. Compared to the US it's as basic as running a lemonade stand - so spare your lectures (about who's lecturing whom) for the people who actually lecture the Germany econo-rati.
The only reason you're directing that invective at the US, is because there is a large enough media envoronment to actually let you find the commentary you're looking for, rather than a small coterie of "experts" writing and speaking to an even smaller coterie of magazines, journals, and broadcasting outlets.
Let the foot dragging begin. While some in the US criticize Germany's economic model, though most Americans actually envy the Germans and admire them for sticking to their policies, the Europeans seem intent in not only keeping the drumbeat going but also admitting that Germany is somehow responsible for the bulk of these stimulus or bailout funds. It's odd to see a chorus of European political operatives rise in a chorus singing that Germany is greedy but at the same time demanding that they bailout the same politicians for mistakes they even now won't acknowledge or stop.
"It's odd to see a chorus of European political operatives rise in a chorus singing that Germany is greedy but at the same time demanding that they bailout the same politicians for mistakes they even now won't acknowledge or stop."
Germany isn't alone to bail out failing states, but she is the one that contested the un-constitutional fact in her court. Also as a proeminent EU state, what Germany says is Gospels in Brussels
This is just another one of those passive-aggressive, self-indulgent, yet boringly recurring continental arguments that are constantly regurgitated by Europeans to prop up their self-regard.
Ask yourself this: how could Germany have "an export led growth model" without the US as an importer?